Rs.7,899 All Inclusive

Executive Package

Most Recommended

Includes all from Business Package, plus1 Additional Name Approval applicationBusiness Folder and LLP Stamp10% Discount on service charges on next order3 Months Legal Documents Library SubscriptionDSC and DPIN for additional partners at extra cost

Rs.9,999 All Inclusive

Comparable value of Rs.14,999

Premium Package

Includes all from Business Package, plus2 Additional Name Approval applicationsPremium Corporate Kit & LLP Stamp15% Discount on service charges on next order100 Letterheads and Envelopes100 Visiting Cards per Partner1 Year Free TDS Returns6 Months Legal Documents Library SubscriptionDSC and DPIN for additional partners at extra cost

Rs.14,999 All Inclusive

Comparable value of Rs.21,999

Main Advantages of Registering a Limited Liability Partnership

Be a Part of PM Modi's vision for Startup India and claim subsidies, register Patents & get on list of VCs / PE's for Funding

Possibility to add Partners with or without share of profit even after incorporation

Limited Liability of each Shareholder (Owner) to the extent of capital, thus protection of your personal assets

Compare Related Services

Compare the advantages and disadvantages of each entity type to find the one that's best for your business.

Managing Your Business

Private Limited Company

One Person Company

Limited Liability Partnership

Partnership Firm

Properietorship Firm

Separate legal entity

It has a separate legal entity and the Shareholders are liable only to the extent of their capital

It has separate legal entity and the Director is liable only to the extent of the capital

It has a separate legal entity and the partners are liable only to the extent of their capital

Though has a separate legal entity but the partners are personally liable to an unlimited extent

Does not have a separate legal entity and the proprietor is personally liable

Limited Liability Protection

Shareholders have limited liability and are liable only to the extent of their share capital

Director has a limited liability and is liable only to the extent of his/her share capital

Partners have limited liability and is liable only to the extent of their contribution

Partners have unlimited liability and are responsible for all the liabilities

Proprietor has unlimited liability and is responsible for all the liabilities

Number of members

2 - 200

1 - 1

2 - unlimited

2 - 20

1 - 1

Requires minimum of 2 member and maximum can be up to 200 shareholders or members

Can only have a director and a nominee director

Requires minimum of 2 member and maximum can be unlimited

Requires minimum of 2 members and a maximum of 20 members

Proprietorship can have only one member

Foreign Participation

Foreign national are allowed to invest under the Automatic Approval route

Director cannot be a Foreign national,Participation is also not permitted

Foreign nationals are allowed to invest as per law

Foreign nationals are not allowed to be a partner

Foreign nationals are not allowed to start a Proprietorship

Ownership Transferability

In Private limited company the ownership is transferable by the way of share transfer

One person company the ownership is transferable

Limited Liability Partnership the ownership is transferable

In Partnership the ownership is not transferable

In Proprietorship the ownership is not transferable

Perpetual Existence

The existence does not depend upon the directors or the shareholders

The existence does not depend upon the directors or the shareholders

The existence does not depend upon the partner

The existence depends upon the partner

The existence depends upon the proprietor

Tax Benefits

Few

Few

More

More

Less

Taxed according to rates applied to corporates

Taxed according to rates applied to corporates

Share of Profits from LLP firm are tax free

Share of Profits from partnership firm are tax free

Taxed according to rates applied to personal income

Statutory Compliances

High

High

Low

Low

Low

Audit is mandatory irrespective of turnover

Audit is mandatory irrespective of turnover and separate income tax return filing

Audit is mandatory irrespective of turnover and separate income tax return filing

Frequently Asked Questions

What is a Digital Signature Certificate?

A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that all Designated Partners apply with a Digital Signature for Designated Partner Identification Number. Hence, a Digital Signature is required for all Designated Partner of a proposed LLP.

What is Designated Partner Identification Number (DPIN)?

Designated Partner Identification Number is a unique identification number assigned to all existing and proposed Designated Partner of a LLP. It is mandatory for all present or proposed Designated Partner to have a Designated Partner Identification Number. Designated Partner Identification Number never expires and a person can have only one Designated Partner Identification Number.

What is the capital required to start a Limited Liability Partnership?

A limited liability partnership can be started with any amount of capital. A partner's tangible or intangible assets can be counted as a benefit to the LLP.

How many people are required to incorporate a Limited Liability Partnership?

To incorporate a Limited Liability Partnership, a minimum of two people are required. A Limited Liability Partnership must have a minimum of two Partners and can have a maximum of any number of Partners.

What are the requirements to be a Partner in a LLP?

The Designated Partners needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLPs to incorporate a LLP in India provided at least one designated partner is resident of India.

Can a LLP be incorporated for undertaking "Not-For-Profit" activities?

No, one of the essential requirements for setting LLP is 'carrying on a lawful business with a view to profit'. Therefore, LLP cannot be incorporated for undertaking "Not-For-Profit" activities.

Is an office required for starting a Limited Liability Partnership?

An address in India where the registered office of the LLP will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

What are the documents required for incorporation of LLP?

For Indian citizens, a PAN card is required. Address proof and identity proof is also mandatory. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

Do I have to be present in person to incorporate a LLP?

No, you will not have to be present at our office or appear at any office for the incorporation of a Limited Liability Partnership. All the documents can be uploaded online.

How long will it take to incorporate a LLP?

Legalwiz.in can incorporate a Limited Liability Partnership in 14-20 days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your LLP and ensure you have all the required documents prior to starting the incorporation process.

What do I need to quickly incorporate my LLP?

To incorporate a LLP quickly, make sure the proposed name of the Limited Liability Partnership is very unique. Names that are similar to an existing private limited company / limited liability partnership / trademark can be rejected and additional time will be required for resubmission of names.

How long is the incorporation of the LLP valid for?

Once a Limited Liability Partnership is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the LLP will become a Dormant and maybe struck off from the register after a period of time.

What are the annual compliance requirements for a LLP?

LLPs are required to file an annual filing with the Registrar each year. However, if the LLP has a turnover of less than Rs.40 lakhs and/or has a capital contribution of less than Rs.25 lakhs, the financial statements do not have to be audited.

Is Foreign Direct Investment (FDI) allowed in LLP?

Yes, Foreign Direct Investment (FDI) is allowed in LLP under the automatic route in sectors allowed by the Foreign Investments Promotion Board (FIPB). However, Foreign Institutional Investors (Flls) and Foreign Venture Capital Investors (FVCIs) will not be permitted to invest in LLPs. LLPs will also not be permitted to avail External Commercial Borrowings (ECBs.)

Can an existing partnership firm or company be converted to LLP?

Yes, an existing partnership firm or a company that is unlisted can be converted into LLP. There are many advantages of converting a partnership firm into a LLP; however, the same doesn't apply for the conversion of a Company to a LLP.

What comes as a part of the Legal Documents Library?

Legal documents like Employment Letter, Legal Notice, Non-Disclosure Agreement, Terms of Service and Privacy Policy etc. are a part of the Legal Documents Library.

More Questions?

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LegalWiz.in is an online platform that helps you with the registration of Limited Liability Partnership firm. LLP registration in India is governed under the Limited Liability Partnership Act, 2008. A Limited Liability Partnership has the benefits of both the Company and partnership. In an LLP a single partner cannot be held responsible or liable for another partner's misconduct or negligence. We at LegalWiz provide affordable, quick and reliable Limited liability partnership registration service and guarantee highest quality standard backed by 100% customer satisfaction. We have a team of qualified legal professionals, chartered accountants and company secretaries who can help you with all the legal and administrative aspects of the registration, drafting of LLP agreement and post registration aspects of LLP online. Subject matter experts are available on call or via email to answer your queries. We also provide a full spectrum of post registration services related to Annual Filings, MSME, VAT and CST Registration, Service Tax Registration, Trademark Registration, Copyright, Accounting & Bookkeeping, Legal Drafting, Import Export Code registration, registered agents etc. We offer services through an online model and a network of trusted affiliates across all major cities in India including Mumbai, Delhi, Ahmedabad, Pune, Bangalore, Hyderabad, Vadodara, Kolkata, Chennai, Noida, Gurgaon, Surat, Rajkot and others.